Can I retire at age 80 with 738,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $738,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.4%
1 years$60,943$60,400$59,871$59,354$58,849$58,503
2 years$30,170$29,608$29,064$28,536$28,023$27,674
3 years$19,914$19,349$18,806$18,283$17,779$17,438
4 years$14,786$14,224$13,686$13,172$12,680$12,349
5 years$11,711$11,152$10,621$10,117$9,639$9,319
6 years$9,661$9,106$8,583$8,091$7,627$7,319
7 years$8,198$7,647$7,133$6,652$6,203$5,907
8 years$7,100$6,555$6,049$5,580$5,146$4,862
9 years$6,248$5,707$5,210$4,753$4,334$4,061
10 years$5,566$5,031$4,542$4,097$3,693$3,432
11 years$5,008$4,479$3,999$3,566$3,176$2,926
12 years$4,544$4,020$3,549$3,128$2,752$2,514
13 years$4,151$3,633$3,171$2,761$2,400$2,173
14 years$3,815$3,302$2,849$2,451$2,104$1,888
15 years$3,524$3,016$2,572$2,186$1,852$1,647
16 years$3,270$2,768$2,332$1,957$1,637$1,442
17 years$3,045$2,549$2,122$1,759$1,451$1,266
18 years$2,846$2,355$1,937$1,585$1,291$1,115
19 years$2,668$2,183$1,773$1,432$1,150$984
20 years$2,508$2,028$1,628$1,297$1,027$870
21 years$2,364$1,889$1,497$1,177$919$771
22 years$2,232$1,764$1,380$1,070$824$684
23 years$2,113$1,649$1,274$975$740$608
24 years$2,003$1,545$1,178$889$665$540
25 years$1,903$1,450$1,091$812$598$481
26 years$1,810$1,363$1,012$742$539$429
27 years$1,724$1,283$940$679$486$382
28 years$1,645$1,209$874$623$438$341
29 years$1,571$1,140$813$571$396$305
30 years$1,502$1,077$757$524$358$272
31 years$1,438$1,018$706$481$323$243
32 years$1,378$963$659$442$293$218
33 years$1,322$912$615$407$265$195
34 years$1,269$865$575$374$240$174
35 years$1,219$820$537$344$217$156
36 years$1,172$778$503$317$197$140
37 years$1,128$739$470$292$178$125
38 years$1,086$703$441$269$162$112
39 years$1,046$668$413$248$147$100
40 years$1,009$636$387$229$133$90
41 years$973$605$363$211$121$81
42 years$940$576$340$195$109$72
43 years$907$549$319$180$99$65
44 years$877$523$300$166$90$58
45 years$848$499$281$154$82$52
46 years$820$476$264$142$74$47
47 years$793$454$248$131$67$42
48 years$768$434$233$121$61$38
49 years$744$414$219$112$56$34
50 years$721$396$206$103$51$30

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 80 starting with $738,000, adding $3,992 every year, while hoping to spend $56,926 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 67/15/18 Blend
79$738,000$738,000$738,000$738,000
80$817,394$778,280$766,841$868,296
81$840,199$755,847$731,961$880,401
82$863,423$730,406$694,005$886,640
83$887,047$701,752$652,809$892,071
84$911,051$669,663$608,204$896,613
85$935,410$633,907$560,010$900,178
86$960,093$594,240$508,042$902,669
87$985,066$550,401$452,104$903,986
88$1,010,287$502,116$391,995$904,016
89$1,035,712$449,095$327,502$902,641
90$1,061,284$391,030$258,403$899,731
91$1,086,942$327,598$184,466$895,146
92$1,112,616$258,456$105,452$888,736
93$1,138,225$183,242$21,106$880,338
94$1,163,677$101,575$0$869,775
95$1,188,871$13,051$0$870,091
96$1,213,689$0$0$873,033
97$1,238,001$0$0$888,034
98$1,261,658$0$0$904,681
99$1,284,496$0$0$920,698
100$1,306,329$0$0$935,946